Seminis

Infobox_Company
company_name = Seminis, Inc.
company_
company_type = Subsidiary
company_slogan = Grow and Prosper
foundation = 1994
location_city = St. Louis, Missouri
location_country = U.S.
key_people =
num_employees = 3,000 (2007)
products = more than 3,500 seed varieties
revenue = US$ 569 million (2006)
parent = Monsanto
homepage = [http://www.seminis.com/ www.seminis.com]

Seminis is the largest developer, grower and marketer of fruit and vegetable seeds in the world. Seminis' hybrids claim to improve nutrition, boost crop yields, limit spoilage and reduce the need for chemicals. Their retail line includes over 3,500 seed varieties.

History

Seminis was established in 1994 to consolidate leading companies Asgrow and Petoseed in the fragmented fruit and vegetable seed industry.

On March 23, 2005 Monsanto announced that it had completed its acquisition of Seminis, Inc. According to the press release announcing the deal, Monsanto paid $1.4 billion in cash and assumed debt, plus a performance-based payment of up to $125 million payable by 2007. [http://www.monsanto.com/monsanto/layout/media/05/01-24-05.asp]

Private equity firm Fox Paine & Company made a seizable investment into the company.

External links

* [http://www.seminis.com/ Corporate website]
* [http://www.seminis.com/company/corporateprofile.html Corporate Profile of Seminis]